Buying commercial premises is a major financial investment, however,
depending on your personal and financial circumstances, it could prove to be a viable option for various reasons:
When making the decision to own your business premises, it is imperative that it is structured correctly to take account of income tax and capital gain considerations and asset protection and it is very important NOT to purchase it in the same name as your business or in a company structure.
Depending on your circumstances, we would likely recommend a Unit Trust or Family Trust for capital gains minimisation advantages or purchasing it through a Self Managed Superannuation Fund also has tax advantages.
To download a copy of "7 Things Your Should Know Before Setting Up A SMSF", click here.
Trilogy Professional Group offers established practices: